United States Steel Corporation (X)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 20,235,000 | 20,451,000 | 19,458,000 | 17,816,000 | 12,059,000 |
| Total stockholders’ equity | US$ in thousands | 11,347,000 | 11,047,000 | 10,218,000 | 9,010,000 | 3,786,000 |
| Financial leverage ratio | 1.78 | 1.85 | 1.90 | 1.98 | 3.19 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $20,235,000K ÷ $11,347,000K
= 1.78
The financial leverage ratio of United States Steel Corporation has been gradually declining over the past five years. The ratio decreased from 3.19 on December 31, 2020, to 1.78 on December 31, 2024. This indicates that the company has been relying less on debt to finance its operations and capital structure. A decreasing trend in the financial leverage ratio suggests that the company's financial risk is decreasing and its financial stability is improving. Furthermore, a lower financial leverage ratio typically signifies that the company has a stronger ability to meet its debt obligations and withstand financial downturns. Overall, the decreasing trend in United States Steel Corporation's financial leverage ratio over the past five years reflects a positive shift towards a more conservative capital structure.
Peer comparison
Dec 31, 2024